LG partners with REC on solar energy
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LG Electronics entered into an exclusive solar energy agreement with REC Wafer of Norway to purchase multicrystalline silicon wafers.
According to LG, crystalline silicon solar cells are expected to make up 80% of the solar industry by 2010, overtaking thin film solar cells. Crystalline silicon solar cells are based on silcon wafers, while thin film solar cells are made by coating light absorbing layers and electrodes from various materials on a substrate. Thin film solar cells are less expensive but also less efficient.
